Few investors have more notoriety than Bill Ackman and Michael Burry, the latter portrayed in "The Big Short."Few investors are more closely followed in the modern era of investing than Bill Ackman of Pershing Square Capital Management, the investment manager of Pershing Square Holdings, and Michael Burry, who famously made bets against the housing market before its collapse during the Great Recession. Burry, who previously ran Scion Asset Management, recently shut down his fund and launched a newsletter on ...

Joining us now with more on that China and maybe even a little touch of Venezuela is Kyle Bass, founder and CIO at Haymon Capital Management. Kyle, I hope you're ready because we got a lot of things that we want to hit with you. Are you ready. >> I'm ready.>> Let's do this. All right, let's kick things off maybe with the Federal Reserve. Obviously, you're very well known for subprime years ago.Some people suggest the Federal Reserve is making a policy mistake by keeping rates too high for too long. What say ...

Fannie Mae and Freddie Mac have added billions of dollars of mortgage backed securities and home loans to their balance sheets in recent months. That's adding to speculation. They're trying to lower lending rates and boost profitability ahead of a potential secondary offering.Bloomberg's Scott Carpenter covers credit and joins us here on set. Scott, great to have you on, on the program. This is a story that has been persistent because Bill Ackman often tweets about Fannie and Freddie.The president and those ...

Fannie Mae and Freddie Mac have added billions of dollars of mortgage backed securities and home loans to their balance sheets in recent months. That's adding to speculation. They're trying to lower lending rates and boost profitability ahead of a potential secondary offering.Bloomberg's Scott Carpenter covers credit and joins us here on set. Scott, great to have you on, on the program. This is a story that has been persistent because Bill Ackman often tweets about Fannie and Freddie.The president and those ...

Michael Burry, the hedge fund manager made famous by “The Big Short,” has built a reputation for spotting asymmetric, misunderstood bets. Now that same contrarian lens is focused on government‑sponsored mortgage giants, with Burry stating that he owns both Freddie Mac (FMCC) and Fannie Mae (FNMA). He believes a relisting of their stocks could be coming sooner than many expect. This renewed interest arrives as the mortgage backdrop quietly improves. Freddie Mac’s latest Primary Mortgage Market Survey show ...

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Fannie Mae and Freddie Mac have added billions of dollars of mortgage-backed securities and home loans to their balance sheets in recent months https://t.co/oFNBQ0Ah58 ...

Mortgage rates remain in a comfortable routine. According to Zillow data, the 30-year fixed mortgage rate is 6.13%, and the 15-year fixed rate is 5.53%. The Federal Reserve announced a third interest rate cut last week, and mortgage rates shrugged. The 30-year interest rate has barely moved since the end of October. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.13% 20-year fixed: 6.08% 15-year fixed: 5.53% 5/1 ARM: 6.24% 7/1 ARM: ...

Core Insights - The minimum credit score requirement for conventional loans has been effectively eliminated, allowing broader access to credit for underserved borrowers [1][3][4] Group 1: Changes in Credit Scoring - The Federal Housing Finance Agency (FHFA) has mandated an expansion of credit scoring models used by Freddie Mac and Fannie Mae, which finance over half of U.S. home loans [2] - Fannie Mae removed its minimum credit score requirement on November 15, 2025, as part of an update to its Selling Guide [3] - New credit models, including VantageScore 4.0 and FICO 10T, will be utilized to provide a more comprehensive view of consumer credit behavior [4][6] Group 2: New Credit Models - VantageScore 4.0 and FICO 10T incorporate "trended data" and alternative credit data, which track credit changes over time and consider payment histories for rent, utilities, and phone services [5][6] - These new models aim to expand access to credit for traditionally underserved groups, such as first-time homebuyers and young adults [6][9] Group 3: Underwriting Process - Despite the removal of the minimum credit score requirement, the underwriting process for loan approval remains largely unchanged [7][8] - Lenders still have the option to use traditional FICO scores or the new creditworthiness models, and may not be fully ready to abandon qualifying credit scores [10] Group 4: Impact on Borrowers - Approximately 5 million prospective buyers are estimated to benefit from the new credit modeling [9] - A better credit score can lead to lower mortgage rates, reduced lender fees, and smaller down payments [13]

Mortgage rates are barely above 2025 lows. According to Freddie Mac, the national average 30-year fixed mortgage this week is 6.22%. A year ago, it averaged 6.60%. The 15-year fixed rate is 5.54%. At this time last year, it averaged 5.84%. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.06% 20-year fixed: 5.98% 15-year fixed: 5.49% 5/1 ARM: 6.23% 7/1 ARM: 6.37% 30-year VA: 5.54% 15-year VA: 5.19% 5/1 VA: 5.40% Remember, these ...